Price foretells tsunami wave lambda

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Quote from deadbroke:

Nasdaq versus S&P500 daily chart ....

for some reason unable to upload this chart - will try some other time, but in the meantime chart the ratio yourselves and observe the following ......

Nas/S&P daily is not confirming other indexes' new tops since July 23. For the rally's sake its important that it does so given that it is a true champ in that it called the March rally one month in advance on Feb 12 by bottoming with a higher low on December 2, 2008.

Uptrendline from December08 is busted, but Price could be just consolidating with the higher high yet to come via a new, albeit shallower uptrendline? .... don't know.

Important trend consequence low is that of August 27, 2009.

Thus far, despite the trendline bust, uptrend is still intact IMHO.


:)
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sorry about not being able to post the chart, but maybe lucky now? ......



By deadbroke
 
Quote from crash n burn:

very interesting

do you recommend a nuclear shelter or just waiting for the judgement day while sipping mojitos?
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I rec

"I'm going to get my kicks before the whole shit-house goes up in flames"

Jim Morrison, The Doors

valid then, but exponentially more so now. :) :D
 
Quote from obama-lama:

The 615-1000 level better be wrong! I'd be very upset at that level with a Gold to DJI ratio of 1:1.

Once unthinkable, now unstoppable.
obama-lama
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Gold first target $650. :D
 
Quote from trefoil:

You're right; you're just 5 to 10 years early. This baby's just the warmup. You can tell because every rube on the planet thinks this is it. When it really happens, they'll be wondering what the number of the truck was that hit 'em.
See you after all the profits have been booked on this bull.
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OK trefoil, best of luck to you. :)
 
Dow Jones daily chart ...

Clearly, daily Trend from March lows is UP, UP, UP. No top in sight.

The 2 basic rules of TREND apply ....

The trend tends to continue
The trend can reverse at any time.

Dow generally obliges by producing great trendlines and it does it again.

The trendline was validated on Oct 2 = Dow respects it and knows its there.


 
Nas 100 Qs 15-min. strategy

Trend is still up regardless what topcallers say. But is this a reversal in the making? Will the 15-min. double-top fire?

Step by step reversal testing ....

3 full bars completely below the range of the Oct 20th 15-min. bar shown are required as step 1 for a chance at a good short.

That would most likely break the DAILY trendline shown. Add to short.

Add bigger shorts after Oct 2 daily low is taken out.

If price gets back above daily trendline or Oct 20 bar's low, close the short and step aside for possible Long continuation.


 
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